2016 The following are the Financial Statements of Louise Company: Louise Company Statement of Financial Position As of December 31, 2015, and 2016 2015 ASSETS Current Assets Cash 198,000 Accounts Receivables, net 30,000 Merchandise Inventory 15,000 Marketable Securities 20,000 Prepaid Expenses 10.000 Total Current Assets 273.000 270,000 40,000 10,000 20,000 8.000 348,000 Non-Current Assets Land Building, net Machinery, net Furniture and Fixtures, net Long-term Investments Total Non-Current Assets 500,000 390,000 100,000 50,000 100.000 1.140.000 500,000 380,000 90,000 45,000 80,000 1,095,000 TOTAL ASSETS 1.413.000 1.443.000 35,000 10.000 45,000 45,000 12.000 57.000 LIABILITIES AND OWNER'S EQUITY Current Liabilities Accounts Payable Short-term Liabilities Total Current Liabilities Non-Current Liabilties Long-term Debts Mortgage Payable Total Non-Current Liabilities TOTAL UABILITIES TOTAL OWNER'S EQUITY TOTAL LABILITIES & OWNER'S EQUITY 60,000 90.000 150.000 195,000 90.000 90.000 180.000 237.000 1,218.000 1.205,000 1413.000 1.443.000 Louise Company Income Statement For the year ended December 31, 2015, and 2016 2015 Net Sales 95,000 Cost of Goods Sold 40.000 Gross Profit 55,000 Administrative Expenses 8,000 Selling Expenses 4.200 Net Income _42.800 2016 112,000 45.000 67,000 8,120 5.100 53.780 Using the information from Louise Company, prepare a financial statement analysis using the following: 1. Horizontal Analysis 2. Vertical Analysis 3. Financial Ratios Liquidity Management Efficiency - Stability Profitability